$3m Annualised Subscription Revenue Milestone Achieved
Sydney, May 3, 2017 AEST (ABN Newswire) - LiveTiles Limited (
ASX:LVT) ('LiveTiles' or 'the Company'), a global software company providing digital workplace software to the commercial, government and educational markets, is pleased to announce the achievement of another growth milestone.
- Annualised subscription revenue reaches $3 million milestone on the back of 24 months of rapid growth
- Quarter-on-quarter growth continuing to accelerate into June 2017 quarter
- LiveTiles remains very focused on building upon its already 330-strong customer base, with a strong sales push across all regions
Annualised subscription revenue (ASR) has reached $3 million, with over $1m of ASR being added since 1 January 2017. This is a significant accomplishment for LiveTiles, which has continued to achieve accelerated growth in ASR over a short 2-year period.
Customer highlights in the past four weeks include:
- A global cosmetics company based in the United States
- A global leader in residential real estate based in the United States
- A unit of the United States Department of Defence
- A large healthcare organisation based in the United States
- A leading media group based in the United Kingdom
- A district within the New South Wales Health system
LiveTiles co-founder and Chief Executive Officer Karl Redenbach said: "Hitting $3 million in ASR in just over 2 years is a huge accomplishment for LiveTiles and we're very pleased with the strong operational traction we've achieved. Our focus remains on growing our business across all our regions and expanding our 330-strong customer base. We expect our rapid growth to continue into the June 2017 quarter."
About Livetiles Ltd
LiveTiles Limited (ASX:LVT) is a global software company headquartered in New York, with offices in Sydney, Melbourne, Hobart, London, Seattle, Tri-Cities (Washington State) and Minneapolis. LiveTiles offers digital workplace software for the commercial and education markets, and is an award-winning Microsoft Partner. LiveTiles' products comprise LiveTiles SharePoint, LiveTiles Cloud, LiveTiles for SAP, LiveTiles MX and LiveTiles Mosaic. LiveTiles' customers represent a diverse range of sectors and are spread throughout the United States, United Kingdom, Europe, the Middle East and Asia-Pacific.
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